Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$9,830,000
Medical Office Space
10440 Riggs Rd Sun Lakes, AZ 85248-7751
Entity Owned
4-yr Hold
Free & Clear
Property ID
US07-1536442
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Construction
STEEL FRAME
Total area
39,513 SF
Lot
4.79 ac (208,582 SF)
Zoning code
C-1
APN
303-52-003P
UPID
US07-1536442
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.79M
Comparable Approach
Comparable
$12.29M
Blend (final)
Blend
$9.83M
Owner & transaction history
Tzr Investments LLC · 4 yrs held
Tzr Investments LLC
since 2022
Last sale
$8.7M
7 recorded transactions
Zoning & alternative use
C-1 · Sun Lakes, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$15.2M
+82.3%
Office building
$8.6M
+2.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sun Lakes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sun Lakes submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$9,330,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,440,000
6.5%
$7,790,000
7%
$7,235,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,345,000
Current use
AUTO REPAIR, GARAGE
$15,215,000
Change: +82% · Conversion: Difficult
OFFICE BUILDING
$8,565,000
Change: +3% · Conversion: Easy
WAREHOUSE, STORAGE
$7,430,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$9.83M
Range $8.85M – $10.81M · ±10% · vs last sale $8.65M (Jan 26 2022)
Last sale anchor
$8.65M
Jan 26 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$249 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$104,380
Tax year 2023
Assessed value
$1,699,311
Assessed 2024
Previous assessed
$1,534,726
+10.7% YoY
Effective rate
6.14%
On assessed value
Land market value
$3,523,300
Improvement market value
$6,775,555
Total market value
$10,298,855
Applied tax rate
800,053.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
REFRIGERATOR
Stories
2
Total area
39,513 SF
Lot
4.79 ac (208,582 SF)
Zoning code
C-1
APN
303-52-003P
UPID
US07-1536442
Jurisdiction
MARICOPA
Zoning & alternative use
C-1 · Sun Lakes, AZ
Zoning C-1 · permitted uses
C-1 · Sun Lakes, AZ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sun Lakes. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$15.2M
OFFICE BUILDING
Est. value
$8.6M
WAREHOUSE, STORAGE
Est. value
$7.4M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Lot
4.79 ac
Current owner
From public records · entity-resolved
Tzr Investments LLC
Entity
Free & Clear · 4 yrs held
Mailing address
802 N 3RD AVE, PHOENIX, AZ 85003-1409
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2026
—
Vb S1 Assets LLC
—
Deed
related
$141,340 · Deutsche Bank Trust Co Americas
Jan 26, 2022
—
Tzr Investments LLC
Chp Sun Lakes Medical LLC
Special Warranty Deed
—
Jan 26, 2022
$8,650,000
Aww Riggs Mob Owner LLC
Chp Sun Lakes Medical LLC
Special Warranty Deed
$150,000,000 · Capital One Bank NA
Sep 26, 2019
—
Chp Sun Lakes Medical LLC
Thorburn,scott
Grant Deed
—
Aug 30, 2016
$500,065
Chp Sun Lakes Medical LLC
Mob Investment LLC
Grant Deed
—
Aug 30, 2016
$1,360,115
Chp Sun Lakes Medical LLC
Mob Investment LLC
Grant Deed
—
Aug 30, 2016
$1,929,705
Chp Sun Lakes Medical LLC
Mob Investment LLC
Grant Deed
—
Dec 19, 2014
$2,000,000
Mob Investment LLC
Sun Lakes Mob LLC
Special Warranty Deed
$2,650,000 · Western Alliance Bank
Dec 19, 2014
$500,000
Sun Lakes Mob LLC
Dignity Health
Grant Deed
—
Oct 30, 2013
$442,166
Sun Lakes Mob LLC
Elpf Sun Lakes 10440 East
Grant Deed
related
—
Oct 8, 2004
—
Sun Lakes Pv Dev Lc
Catholic Healthcare West
Grant Deed
$2,035,000 · First National Bank Arizona
—
—
Sun Lakes Pv Dev Lc
—
Deed Of Trust
related
$4,531,210 · First National Bank Arizona
—
—
Sun Lakes Pv Dev Lc
—
Deed Of Trust
related
$4,531,210 · First National Bank Arizona
—
—
Sun Lakes Pv Dev Lc
—
Deed Of Trust
related
$2,000,000 · First National Bank Arizona
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10440 Riggs Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
